HomeMy WebLinkAbout1954 3. To plap ~nd comin~ousiy ke~p rM bu~".d~~~pi now w M~eafrN ~ituiq on said I~! ~nd on ~11 equipnwn~ u+d p~~wnally oover~d by this map~
p~, wilh ~II ptmivms lhaton pa~d in lull, fire inturance i~ tM uiu~l ~tanderd po~~ty (o?m, in • s~m ~pptov~d by tM MORiGAGEE. and windstorm
M~sw~nn in tM vswi aandard pol:cy (am, in a~um ~pprov~d by tM MORTGAGEE, in wch company w wmpania u tM MORTGAGEE may
dinctr ~nd alt flr~ ~nd windsarm ir~swanc~ po~itie~ on ~ny oi said bui~d~nps. ~^Y inlt..s1 tMr~in or p.rt ~M.~of. in fl+~ pqrp~l~ ~wn atassaid a.T
M~xass ~Mr~o% ~AaU contain tM uswl iu„dard mortpap~~ ctavN or such ahK cl~us~ u tF+~ Ma~papN may rpu'u~. nwklrp tM loss u~+dN ~aid po14
cia. ~ach and ~vKy. paYabl~ 1o s~id MORiGAGEE a~ ib intKest may appear, and ~ach ~nd ~very tuch pollty thall b~ promptlY sis~q^~d ~nd d~liwt~d 10
~ny MW by s~id MORiGAGEE as iur~iwr security to sa~d mor~pape debt, u+d, not ksi tMn ten (10) d~p in OfIv~~KY O~ (M fkpir~tiOfl OI NCA pOliC~l, ro d~- .
IivN lo ~aid MORTGAGEE a re~rwal Ihcreot, tofletMr with a rete~pt iw the premi~m oi svth re~swalt and tMtt sh+ll b~ no fu~ w windstwm iewvranu
plaud an ai+y of said build~ngs. ~ny interest therein ot part the~eof, unteu in the form and with tM loss p~yabk +i ~(a~i+id~ ~e?d i~ tl+~ ~wnt ~ny wn?
of moMy beca~ws payablt w~da~ such policy a pol~cies uid MORTGAGEE ~hall Mw tM option ~o recave and apply tM s+rrw on accove~ of thi ind~bted~
Msf s~cured hlrtby o~ b permit said MORiGAGORS to receiw and up if p•ny parl thertof 1or oiher purposes, wilhout ~he.eb~ waiving or knpiia
ieq ~ny equiry, lisn p riqht unde~ or by virtue of ~his mo: ~yaye; ~~d in tM ~veM taid MORTGAGORS shall for ~~+y reason fsil ro ke~p the aid premises w~•f
k?sured, w fail M dtliva prarptly any of said policies oi insur~nce to said MORTGAGEE, a fail promptly 1o pay fully any premium tFatefa or in M+~ -
nip~ct fail b pNfam, discMr9e, execu~e, effecl, complete, comply wirh ar?d sbid~ by tNs coveoant, or sny part htraof, said MORTGAGEE msy pl~p aod
paY ta iuch inwranc~ w ~ny part fhereof w~thout waivine or attecti~ '^Y nption, lien, puity, w riyh~ u?~de~ a by virtw of this Mortyap~• and tM~'~
full an+o~nt of each ~nd ev~ry wch payment shall be ~mmediat~ly dw ~nd pay~ble and shall baw inte~est from tM dat~ tMreo/ until pakJ at tM ~at~ ol
nirn pw centum pN a~u?um and togethe~ with suth interesi sha~{ be sewred by Ihs lie~ of this mortp+qe.
4. To permil, cwnmit w wfter ~o w+sts, unpas~::~ht er ~tw~oratioo of said properry or any pan thereof.
5. To pay all ~nd s++gulu tM costs, cherges u~d exp«ues, incl~dinp a reasonable +ttorn~y's f~e and coits of ~bsbacta of titb, lncun~d w paid at
~ny time by ~sid MORiGAGEE, becauu w in the event of Ihs failvm on the pan of t!r iaid MORTGAGOR W duty, promp~fy ~nd fully p~rfor~, discM~~
e:acute, e(fM, complete, compty w~th and ~b:de by each and every the stipulanons, sgreem~nn, tonditions, and oownanfs o( said promiuwy not~ and thi~
mort~ap~ any w either, u?d said costs, ch~rpes and expsnses, each and every, ihall be immediately dus and payabl~t whetlxr w not ther~ b~ notice ds
msnd, attempt fo rnlled w suit pending: and ~he full amount of each snd every such payment thall bea. interest fran the dat~ thereof v~til paid a1 the
rate of nine per tcntum per sruwm; and all sa2d costs, chargas and ezptnses inturr~d or paid, tog~ther with ~uth int~rqt, shdl b~ aKUr~d b~l th~ IiM Of ihi~
mort~aQ~. ~
6. That i~ the went of ~ny breach oi this Mortyaye o? defa~lt oo the pa.t oi rhs MORTGAGOR, a(b) in tM ~vent any of uid swns of maky
herein referr~d ro b~ r.ot promptly and fully pa~d .v~~hin th~rty l30? days next afte~ the tsme saverally become due and pay~bte, wi~hout d~m~nd a notice,
w W in tM ewnt e~ch and evary the stiputatiw+s, agroement~. cond~t+ons snd coven~nts of sa;d p?omissory noh and th~s morlyay~ uiy a eiMa ~r~ no1
iuly. promptly and (vlly psrfamed. discha.ged, e:ecuted. ~ffected, comptered, complied wirh and abided by, tMn in eithN or ~ny wd~ wMt tM s~id
gre9at~ wm menta~ed in said promiasay note then remainiag unpaid, wifh interest accrued, end afl mo~rys sscured het~by, sMll btto~~e dw snd p~y-
able forthwith, or 1FItfNftK~ at the op:~on of said MORiGAGEE, as fully and completely ai if all of the said wms of rtqn~y wer~ oripin~lly Nipvlated
to be paid on s~ch day, anythirp in sa~d promissory note or in this Mwtgage to the conlrory notwitkstandinp; and the~e~paf a thereafta~ at tht option of
taid MORTGAGEE, withoW notKe or demand, suit at law w i~ eqvity, tFkrefore or tAereaiter begun, may be prosec~ted u if all n?on~ys securd hsr~by
h..-d matwed pnw to iTS institutwn.
7. TMt i~ the event thaf at the begi~ntng of or at any time pending any wit ~pon this Nbrtgage, w to faetlost h, a to reform it, a to enfwq
payment of any claims he+cunder, uid MORiGAGEE shall apply to the Court having jurisdiction thereof fot the appointrnee~t of a Receirer, suth Courf shall
FoAhwith appoiM a receiver of said mor!gaged property all and singular, includ~ng ail and singulu the income, p~ofits, iswea ~nd ~evenues from whaf~vet
wurce derived, each and every of wh~ch, it be~ng expressly undeis~ood, is F+ereby mortgaged as if spec~fically set fath a~d dewibed In the prantioy and
habendum clau:es hereof, and such Receiver shatl have ail the broad and effective funcnons a~d powe~s in ~nywise entrusted by ~ Covrt to a Reuiv~r, ~nd
such appointment shall be made by such Court as an ad:nitted equity snd s rrwtter of absolu~e r'~ght fo said MORiGAGEE, and without refe~ence b tM
adequacy a insdequaq of the vatue of the property mor~gaged or to the wtvency or ~nsolvency of said MORiGAGOR o? the defendany, and that such
rents, profits, incane, issues and revenues shall be applied by suth Receiver accord+ng to the lien ot equity o~ said MORTGAGEE and the prattict of tuth
Court.
8. To'duly, promptly and f~tly periorm, discharqe, exccute, effec~, compiete, comply with and abide by each and every the stipulafans, apreemenb,
conditions and covenants ~n sa~d promisswy note and th~s mor~gage set fwth.
9. That in the eveM the awnership of the morsgaged prem~ses, or any part thereof, becombs vested in a pe~san oiF.er Ih~n the N10RTGAGOR, the
MORTGAGEE, iti succeuors and assigns, may, wiihout ~o~~ce to the MORTGAOR, deal w~th such successor or successor in interest with refcrence to this
mortgage and the debt hereby secured in the same manner as wi~h Nbrtgagw without in any way vitiating w d~scharg~ny the Mo.+y~yon' liabilify htra
under or upon the debt hereby sccured. No sate of the premius hereby mortgaged.and no fo~bearante on the part of the MORTGAGEE w its suttessoa
w auigrn and ra eatension of the time fw the payment of the debt hereby secured given by Ihe MORTGAGEE or it~ suttesson w assiyns, sMll operat~
io release, diuharye, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole w in puf.
10. It is spec~fically agreed that time is of fhe esse~xe o~ this contract and that no waiver of any oblegation herwnde~ or of the obfiyation a-
tured heroby shall at any time thereafter be held to be a wa~ver of the terms hereof o~~f the instrument secured herby.
11. In additio~ to the forego:~ig monthly paymerita of princ pal and interest reqwred by the promiuory note secured hereby, mortgagor tovenaots
and agrees ro pay to mortgagee with each mo:nh~y pay,.eent an add,rionat sum est~mated by mortgagee ro be equat to 1/12 of the annusl cost of the follow-
ing: ~
A-All reel property taaes levied or assessed aga~ns! the aLove d~svi5ed ?eal estate.
B-Premi;xna o+t fire and windstotm ~ns~rar.ce as herein requ~rad to be carried on the imprOVeme~ts situafe On the above described premises.
C-Premiums on such mortgage guaranty insurar.ce as mo:tgagee shatl from t~me to time deem fit to carry on tht bsn secured hereby.
~ Mortgsgee shatl from time to time norify mortgagar i~ writ~ng of the amouM due and payabk hereur?der ~nd such wm shall the?eupon be duO and
~ payable on the due date of the nea~ monthly paymem and each successrve month thereafter ur.til mwtgagee shall notify mortgagor of s cl?inge in sud~
amount_ Such sums sF.aii be applied by mortgagee toward the paymcnt of real property taxes, insurance prem.ums, and mortgaye guaranty insuranct
f
~ p~emiums. .
~ IN WITNESS WHEREOF, the said MOR7GAGOR has hereunto xt his hand and seal the day and ar first afwesa'
Sipned, Seakd end deliver in the presence of:
- ~ ~ ' n
G~ f.~ ~ i.~~ se h J. h n
. ' ~ ~ R~C~? ~OI7itA3 ~
~ ~ CiEE1( G:~C1?~T ~ Mar An Lach
RfCORf~~~; k?f'£0 4
5 ATE OF PtORIDA SL . Lucie ~ ~ j~
couNn oF a3~~i~fl
sefae me personslly appeared Joseph J. Laeh ~
Mary Ann Laeh his w;fe, to m. welt known ,na k?wwn a me a b.
the individwts described in and who executed the fwegoirg instrume~t, ar?d acknowledged befors me that they executed the ssrt~~ fa tht purposes
rherein expres~ed. a~d the ,a~d Mary Ann Lach
,~fe o~ r~ ..~a Joseph J. La,ch
~rpon a sepe?ste and privaN
ex~minstion by me bken separate and apart from Ixr said husband, acknowledged to and before me that shs executed said instrvmant heely and wlun~
tarily and without any compulsion, constraint, apprehens~on, w iear of or from her said husbae+d.
WITNE55 my h~nd and offitial seal this /~~/L day of September ~ p. 19 75
~
~ N STATE ~F FL_O R I D A~ Notary Public in and fw th~ of F ~t Lar~
- ~ My Commiuion expires: .
' DOCUNIEFITARY STAMS~ T A ~
2 '
c-~ N Di?T.OF REYENUE s `
- ~ _ ' S 2. 5 0 ~ .
'`n P.O. = Sff i~ I . ~ ~ " ,.~~~:ii:~;ri; t'~ u~;.;
_ ~nox ~ ,
+4:
' G ',y.
t,.:~ ~ j =
This Instrument Prepared By .1ohn W. Collins '
First Federal Snvings b Loan Association _1 ~ " • .,~?1
of Fort Pierce, Florida 7•w ~~~'i=~
. . :M,'•_~ . U L, . _ V ti-.~js' .
Checked L~.._•-•.t:.r~:;,~,~'~
-
~ ~ !~~''~.,~~'~iG~ZICr'r'`-~,• ~ ~ ,
. , ° R ~43 P,,~E1954
BOOK
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